Carnival CEO: We're working with CDC and Biden administration so we can sail in the U.S. this summer

34 Megtekintés 3,7 E

Carnival Cruise Line CEO Arnold Donald on the pandemic and how his company is dealing with rules and restrictions on the cruise industry, even as more and more of the country gets vaccinated. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
Carnival Cruise Line said Wednesday that it has seen a record level of bookings during the first quarter, up about 90% from fourth-quarter levels.
In addition, current bookings for 2022 are higher than those made in 2019, before the pandemic, suggesting that people are excited to travel again.
“Everybody wants to go away. And I will tell you, the next best thing to actually going away is planning a vacation. And that’s what a lot of people seem to be doing right now,” said David Bernstein, Carnival’s chief financial officer, in a conference call on Wednesday.
Earlier, the cruise operator said its quarterly net loss widened to $1.97 billion from a loss of $781 million a year ago, as cruises remained suspended in the U.S. due to the ongoing Covid-19 pandemic.
But optimism about strong demand from customers yearning be on the sea again pushed Carnival shares to a 52-week high of $30.63 in trading Wednesday. Although the stock has given up some of its earlier gains in afternoon trading, shares are still up about 1.4%.
Cruises have been one of the hardest hit sectors in the travel industry since the pandemic shut down sailing last year after mass Covid-19 outbreaks.
Carnival CEO Arnold Donald said in a press release that booking trends reflect “both the significant pent up demand and long-term potential for cruising.”
To boost demand in the future, the company plans to roll out six new ships by the end of the year, almost one from each of its nine brands.
“They will drive even more enthusiasm, excitement and demand around our restore plans with both our brand loyalists and with new recruits,” Donald said in a conference call.
Still, Carnival faces numerous challenges. It ended the first quarter with $11.5 billion of cash and short-term investments, and must make its funds last until its business resumes. To do that it must receive clearance from the Centers for Disease Control and Prevention, which currently has a ban on sailing.
Carnival said it expects all of its fleets to be sailing by 2022. This summer, it is on track to resume cruise operations with 30% to 50% occupancy on nine ships across six of its brands: AIDA, Costa, P&O Cruises, Cunard, Princess Cruises and Seabour.
One clear priority for 2021 is adapting its operations to meet guidelines that are still in flux.
“2021 will clearly be a transition year, we expect the environment to remain dynamic over the next 12 months as we roll out our fleet, while continuing to adapt to an ever-changing situation,” Donald said.
Carnival said it could shift its home ports to those outside of the U.S. if it is unable to comply with CDC protocols. The company said, for example, that it wouldn’t be able to comply with meeting a requirement that all passengers are vaccinated.
“We’d prefer to have those jobs and all the staff all be here,” Donald said. “But if we’re unable to sail, then obviously we will consider home porting elsewhere.”
Staffing ships is also a challenge for the company.
“Our biggest constraint right now is being able to ramp up with crew,” Donald said. “It will take us minimum 60, up to 90 days, to be able to get a crew on board, trained up with new protocols, etcetera, to be able to execute sailing.”
» Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast

Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
www.cnbc.com/select/best-credit-cards/
#CNBC
#CNBCTV

Megjegyzés

  1. Iam Hudsdent
    Iam Hudsdent
    5 napja

    If Carnival requires ID, like Georgia, they are racist and should be boycotted.

  2. miopera40
    miopera40
    8 napja

    these corps joining the communist wave will get a 50% profit cut by default. At least half America is against totalitarism ie: forced vaccinations

  3. Jimmy G
    Jimmy G
    8 napja

    Good luck Carnival, Joe and the gang want to keep us with him in the basement forever.

  4. Xylem Xavier
    Xylem Xavier
    8 napja

    On the other hand, China Virus 19 owner Xi Jingping who intentionally spread the virus around the world is living a happy, health and luxurious life .

  5. Shiloh Saves
    Shiloh Saves
    8 napja

    YOU keep bowing to the CDC and This Nazi Regime, you will always bow to them. OPEN UP and tell them to go back to their basement's. And NO not more and more. That is way you would like people to think. 🤨🤥🤥👿 That's way you are pushing it so hard. What's in it. The New Wave?

  6. King Gordon
    King Gordon
    8 napja

    Just open up. No one's scared of Covid anymore.

  7. Gary Pflugh
    Gary Pflugh
    8 napja

    0:45 vor.kim

  8. Thedoc 88
    Thedoc 88
    8 napja

    If everyone has to be vaccinated then the cruiselines should get the green light to sail. Eventually the mandatory vaccination for cruising would drop, but just to get things rolling just do vaccination for a few months, some people don't do well with vaccines and may get sick.

  9. der Jakob
    der Jakob
    8 napja

    Still haven't met 1 biden supporter

  10. mrPmj00
    mrPmj00
    8 napja

    - Only Disney cruise is worth buying. Other cruises don't have the safety and security and their stock are junk.

  11. Cybr Friends
    Cybr Friends
    8 napja

    God Bless President Joe Biden, God Bless America and its Democracy!! Finally leadership we can have hope and believe in!!

    1. Carlos Oscar Comedy
      Carlos Oscar Comedy
      8 napja

      Bot alllllllll the way!!!!!!!!!

    2. George McGovern
      George McGovern
      8 napja

      Bot alert 🚨